BULLET: FOMC Statement Human Readable AF Questions...........>

FOMC Statement Human Readable AF Questions

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Fed Funds rate range? Any dissents? 1.50-1.75%. No dissents. 

Median Projection of Fed Funds Rate at End of 2020/2021: 1.6% for 2020, 

1.9% for 2021. 

How many 2020 dots are above / equal to / below 1.625? 3 above 1.625%, 

13 equal to 1.625%, 0 below 1.625% for 2020.

How many 2021 dots are above 1.875? 8 dots above 1.875% for 2021.

Median And Mean Longer Run Projection of Fed Funds Rate?  2.5% for 

median, 2.5625% for mean.

Any announcements relating to a Standing Repo Facility, Balance Sheet, or

IOER? If so, what? No announcement of a standing repo facility, balance 

sheet changes. No change to IOER, leaving rate at 1.55%. 

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The FOMC kept rates steady saying policy "appropriate" and left the IOER 

unchanged. The FOMC statement removed language about "uncertainties" 

to the outlook but kept a reference to monitoring global developments and 

muted inflation pressures. Only 4 saw a rate hike next year. The FOMC 

was unanimous in its decision to keep rates steady.